First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase – Here’s What Happened

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Tuesday . 138,419 shares were traded during trading, an increase of 503% from the previous session’s volume of 22,960 shares.The stock last traded at $113.39 and had previously closed at $112.47.

First Trust Health Care AlphaDEX Fund Trading Up 1.7%

The firm’s 50-day moving average price is $111.14 and its 200-day moving average price is $113.46. The stock has a market capitalization of $886.25 million, a PE ratio of 16.75 and a beta of 0.75.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in First Trust Health Care AlphaDEX Fund by 27.5% in the 4th quarter. HighTower Advisors LLC now owns 41,923 shares of the company’s stock worth $4,772,000 after purchasing an additional 9,041 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Health Care AlphaDEX Fund by 14,737.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,225,142 shares of the company’s stock worth $139,446,000 after acquiring an additional 1,216,885 shares in the last quarter. Truist Financial Corp grew its stake in First Trust Health Care AlphaDEX Fund by 6.5% in the 4th quarter. Truist Financial Corp now owns 19,555 shares of the company’s stock worth $2,226,000 after acquiring an additional 1,201 shares in the last quarter. Summit Wealth Group LLC Co. bought a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth about $263,000. Finally, International Assets Investment Management LLC grew its stake in First Trust Health Care AlphaDEX Fund by 6.2% in the 4th quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock worth $442,000 after acquiring an additional 228 shares in the last quarter.

About First Trust Health Care AlphaDEX Fund

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.